Helius Minerals Announces C$25 Million Brokered Private Placement to Advance the Serra Pelada Gold-PGM Project

Helius Minerals (HHH) has announced a C$25 million brokered private placement led by Beacon Securities Limited. The offering consists of Units and Subscription Receipts priced at $3.00 each. Each unit includes a common share and a one-half warrant exercisable at $4.50 for 36 months. The financing is specifically designed to satisfy the closing conditions for the acquisition of the Serra Pelada Gold-PGM project in Brazil from Colossus Minerals Inc. and to fund the subsequent exploration and development of the project. Insiders are expected to participate in the placement.

This financing is a critical milestone for Helius, marking its transition from an option-holder to the primary owner and operator of the Serra Pelada project. - Capital Injection: The $25 million raise is a massive escalation from the $2.15 million raised in April 2025. It provides the "dry powder" necessary to tackle the significant technical challenges (water ingress) that historically shuttered the project. - Valuation Leap: The financing price of $3.00 represents a 500% increase over the $0.50 financing completed just nine months prior. This suggests a significant re-rating of the asset by institutional investors, likely due to the de-risking milestones mentioned in August and October 2025 (government negotiations and debt restructuring). - Project Consolidation: This capital satisfies the $5 million USD equity financing requirement and the cash payments needed to close the deal with Colossus Minerals, effectively clearing the path to 75% beneficial ownership of the asset. - Dilution and Overhang: While positive, the issuance of warrants at $4.50 creates a potential future overhang, though the acceleration clause ($6.75 trigger) protects the company against a stagnant share price.

Helius Minerals is focused on the Serra Pelada Gold-PGM project in the Carajás mineral province of Pará State, Brazil. Serra Pelada was once the site of the world's largest manual gold rush in the 1980s. The modern project consists of high-grade gold, platinum, and palladium mineralization. It was heavily developed by Colossus Minerals (spending ~$280M CAD) but was placed on care and maintenance in 2014 due to extreme water ingress and a lack of liquidity. Helius’s strategy is to use modern engineering and a restructured legal/financial framework to return the project to production.